summary
Introduced
01/23/2025
01/23/2025
In Committee
04/24/2025
04/24/2025
Crossed Over
03/04/2025
03/04/2025
Passed
06/04/2025
06/04/2025
Dead
Signed/Enacted/Adopted
06/04/2025
06/04/2025
Introduced Session
2025 Regular Session
Bill Summary
Establishes that for a minor in theatrical employment with a gross income of at least $5,000 on a project or $20,000 in a calendar year: a parent or legal guardian of the minor is required to establish a trust account for the minor with an independent third-party trustee; and the employer of the minor is required to deposit a portion of the minor's earnings into the trust account until the minor becomes an adult. Makes misappropriation or fraudulent use of funds within the trust account a breach of fiduciary duty subject to penalties. (CD1)
AI Summary
This bill establishes a new law to protect child performers, inspired by the original "Coogan Law" from California, which aims to safeguard the financial interests of minors working in the entertainment industry. The legislation requires parents or legal guardians to establish a trust account for minors earning at least $5,000 on a single project or $20,000 in a calendar year from theatrical employment, which is broadly defined to include models, dancers, singers, musicians, social media influencers, and performers in various media. Employers must deposit a minimum of 15% of the minor's gross earnings into this trust account, which must be managed by an independent third-party trustee who provides quarterly statements. The trust account can only be accessed by parents or guardians for the minor's benefit, and any misappropriation or fraudulent use of these funds will be considered a breach of fiduciary duty, potentially resulting in civil penalties, criminal prosecution, and removal of the trustee. Additionally, all contracts involving minor performers must be signed by at least one parent or legal guardian, ensuring enhanced protection and oversight of the child's financial interests until they reach the age of majority or become emancipated.
Committee Categories
Business and Industry, Housing and Urban Affairs, Justice, Labor and Employment
Sponsors (14)
Tina Grandinetti (D)*,
Jeanné Kapela (D)*,
Darius Kila (D)*,
Michael Lee (D)*,
Nicole Lowen (D)*,
Lisa Marten (D)*,
Amy Perruso (D)*,
Kanani Souza (R)*,
David Tarnas (D)*,
Chris Todd (D)*,
Terez Amato (D),
Scot Matayoshi (D),
Lauren Matsumoto (R),
Christopher Muraoka (R),
Last Action
Act 173, on 06/04/2025 (Gov. Msg. No. 1273). (on 06/04/2025)
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